Go to deals
Food & Beverage | TMT

Datassential has received a significant growth investment from Spectrum Equity

Datassential, the leading provider of data, intelligence and market research to the foodservice industry, has received a significant growth investment from Spectrum Equity, a leading growth equity firm investing in the information economy.

Datassential, headquartered in Chicago and with offices in Los Angeles, is a leading provider of information and analysis to the food industry. The company provides a suite of subscription-based solutions and market research that help the food industry make and sell better products, including menu trends, consumer rating scores, LTO updates (limited time offer), trend analysis, food reports and sales tools. Clients utilize Datassential to inform their strategies for platform development, line extensions, customer acquisition, relationship management, equity measurement, positioning development and customer loyalty. The company’s SaaS platform is sold on a subscription basis to more than 200 foodservice companies. Datassential is in the early stages of leveraging its capabilities to enter the CPG and alcohol markets. It recently launched a new product with significant growth potential, a personalized food recommendation tool called Haiku.

Spectrum Equity is a leading growth equity firm providing capital and strategic support to innovative Internet, software and information services companies. For 25 years, the firm has partnered with high growth companies across the information economy. Spectrum Equity is currently investing the firm’s eighth fund with US$1.25 billion in capital.

Oaklins' team in Los Angeles advised the seller in this transaction.

Service
M&A sell-side
Parties

Talk to the deal team

 Eli  Greif

Eli Greif

Associate Director

Los Angeles, United States
Oaklins Intrepid
 Christopher H. Park

Christopher H. Park

Managing Director

Los Angeles, United States
Oaklins Intrepid
 Gary S. Rabishaw

Gary S. Rabishaw

Managing Director

Los Angeles, United States
Oaklins Intrepid

Related deals

Bonnier Corporation has sold seven of its US titles to North Equity
Private Equity | TMT

Bonnier Corporation has sold seven of its US titles to North Equity

Bonnier Corporation has sold seven of its most popular US titles, including Popular Science, Popular Photography, Saveur, Outdoor Life, Field & Stream, Better You and Interesting Things, to venture equity group North Equity.

Learn more
C2, a Canadian leader in ITSM software, has been acquired by Sherweb, a global cloud solutions provider
TMT

C2, a Canadian leader in ITSM software, has been acquired by Sherweb, a global cloud solutions provider

Sherweb Inc., a global cloud solutions provider and winner of many industry awards, has acquired C2 Enterprise, a Canadian IT leader specializing in integrated ITSM software solutions. This transaction allows Sherweb to expand its value-added solution offering.

Learn more
iCast has been acquired by Storytel
TMT

iCast has been acquired by Storytel

The private shareholders of iCast Ltd. have sold the company to Storytel Sweden AB.

Learn more